How to improve your credit rating
1. What is a credit report?
Every financially active adult in the country has a credit report from which lenders formulate a credit score.
Your personal finance history and the information you provide on the credit application will be used to formulate your credit score.
Creditors obtain your personal finance history from your credit report. It details any credit card, loan, mortgage, mobile phone, utility bill (plus any other credit repayments) and how many times you have either paid them late or not paid them at all, along with any County Court Judgements (CCJs) against your name.
It tells creditors if you are on the Electoral Roll at your current address, details your previous addresses and shows your Date of Birth. It will also contain the details of your bank accounts, the names of organisations that have viewed your report and the names of those people that you hold joint accounts with.
- Next page: What is a credit score and what is it for?
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Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
